FIRST Gen Corp. (PSE: FGen) announced having acquired a P20-billion loan from local banks to finance its recently-acquired 165 megawatt (MW) Casecnan Hydroelectric Power Plant (CHEPP). The Lopez-led power firm signed term-loan agreements with BDO Unibank Inc. and Bank of the Philippine Islands (BPI). FGen “intends to use the proceeds…
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First Philippine Holdings Corp. (FPH), the listed holding company of the Lopez Group, said it has allocated some P80 billion for capital expenditures (capex) for 2023. This year’s capex is more than 50 percent higher than the previous year’s P51 billion. Emmanuel Antonio P. Singson, the company’s treasurer and CFO,…